Learning Price Action Through Observation
アップデート済
Learning Happens when you're open and curious and making observations from what you see. From there, you must be mentally balanced to take action on your observations.
In this post, I focus on the price action that happens in the pivot portion of a swing cycle. If you make observations of this area you will see a certain kind of repeating behavior that can help you understand and design methods for trading swings. You will notice that the market likes to wash everybody out of their positions before pivoting to continue its swing.
I have a look at two of the ways this shows up in the price action of a pivot. The first is an engulfing bar that expands and swallows at least 3 of the previous bars. The second is a Gap Swap where there will be a WRB Gap making an effort in one direction just to be followed by another WRB GAP that reverses that effort and direction and shows that the balance of power has shifted.
This is just a small part of what makes up a swing but it factors into my overall methods and trade plan. You can make observations yourself on pivots and see what you can learn.
Shane
In this post, I focus on the price action that happens in the pivot portion of a swing cycle. If you make observations of this area you will see a certain kind of repeating behavior that can help you understand and design methods for trading swings. You will notice that the market likes to wash everybody out of their positions before pivoting to continue its swing.
I have a look at two of the ways this shows up in the price action of a pivot. The first is an engulfing bar that expands and swallows at least 3 of the previous bars. The second is a Gap Swap where there will be a WRB Gap making an effort in one direction just to be followed by another WRB GAP that reverses that effort and direction and shows that the balance of power has shifted.
This is just a small part of what makes up a swing but it factors into my overall methods and trade plan. You can make observations yourself on pivots and see what you can learn.
Shane
トレード稼働中
Entered STNG, now just follow the written plan.トレード稼働中
Price hit 3R, move to a profit stop of 1R (70.71) according to plan, and trail by 2R.トレード稼働中
Price has reached 4R, Move profit stop up to 2R (72.89). Continue to trail by 2R and exit at 6R (81.60).トレード稼働中
Price has reached 5R, move profit stop to 3R (75.07). Continue to trail by 2R according to plan and exit at 6R (81.60).トレード終了: 利益確定目標に到達
Exited STNG at 6R according to the trade plan.
Method, Management, and Mindset
Learning through consistency and discipline
Learning through consistency and discipline
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